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LIFECORE BIOMEDICAL, INC. \DE\ Director's Dealing 2012

May 18, 2012

33431_dirs_2012-05-18_169d0e9b-dcc3-4b79-b6aa-d0ab7759d988.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANDEC CORP \CA\ (LNDC)
CIK: 0001005286
Period of Report: 2012-05-16

Reporting Person: Tobin Robert (Director)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2012-05-16 Stock Option (Right to Buy) $6.66 M 5000 Acquired 2019-05-16 Common Stock (5000) Direct
2012-05-16 Restricted Stock Unit (RSU) $ M 1667 Acquired Common Stock (1667) Direct

Footnotes

F1: Restricted Stock Units will vest on the 1st anniversary of the grant date and will be automatically settled in shares of common stock.

F2: The restricted stock units convert into common stock of Landec Corporation on a 1 for 1 basis